The electric motor and generator market has witnessed considerable technological advancement in the recent years due to which the demand for high efficient electric motor and generator system is gaining pace.

The electric motor and generator market has witnessed considerable technological advancement in the recent years due to which the demand for high efficient electric motor and generator system is gaining pace. The power efficient electric motors offer various benefits, such as longer operating life, low maintenance, and lower energy consumption over traditional electric motors.

he improvement in energy efficiency of electric motors increasing demand of electric motor and generator from agricultural and industrial sector, growing application of HVAC system, and rising demand of electric and hybrid vehicle are some of the major drivers of the electric motor and generator market in the recent years.

Based on the output current, the global electric motor and generator market can be broadly classified as AC electric motor and generator, DC electric motor and generator, Synchronous AC Motor, and Induction AC Motor. Further based on the output power, AC generators can be classified, as electric motors (less than 37.5 watts), AC generators (less than 75 kVA), AC generators (75-375 kVA), AC generators (375-750 kVA), and AC generators (more than 750 kVA). Based on the output power, DC generators and motors market can be classified as DC generators and motors (output 75-375 kW), and DC generators and motors (output more than 375 kW).

Based on the different applications of electric motor and generator the market can be classified as industrial machinery, heating ventilating and cooling (HVAC) equipment, motor vehicles, aerospace and transportation, household appliances, and other application.

Asia Pacific has been the largest and fastest growing market of electric motor and generator in 2014. Asia Pacific region is expected to maintain its dominance even during the forecast period, attributed to the rising demand of electric motor and generator from automotive, and other industrial sector from China and India.

Country wise, the U.S. and Canada dominate the electric motor and generator market in North America. France, Germany, the U.K., and Italy, are some of the major players in the European electric motor and generator market. China, Japan, India, and South Korea are some of the leading regions in the Asia Pacific electric motor and generator market.